Foot Anstey advises on latest Islamic Finance transaction worth £26.8million

Islamic finance specialists at premier regional law firm Foot Anstey have advised on their latest transaction: acting for Kuwaiti investors on their £26,800,000 acquisition of the Argos National Distribution Centre in Acton Gate, Stafford.

Foot Anstey’s team of Islamic finance, banking, real estate and investment structuring specialists have advised the Kuwaiti investors on a shariah compliant investment structure, financing documents and real estate aspects of their acquisition.

The team have previously advised the same investors on their recent £19,000,000 acquisition of the Bristol office of Everything Everywhere at Aztec West.

Islamic finance partner Imam Qazi led the Foot Anstey team that included partner Matthew Stoate (Private Equity) together with solicitors Zahir Nayani (Islamic finance and Real Estate) and Benjamin Kumordzie (Banking).

Imam Qazi commented “Both our recent transactions highlight how we work in partnership with Middle Eastern investors and shariah compliant banks. I am delighted with our progress in 2013 and look forward to progressing further deals where they match our clients’ wants and needs and can deliver superior risk adjusted returns in an ethical investment environment.”

Islamic finance is a niche area of expertise for the premier regional law firm which has five offices across the South West region; Bristol, Exeter, Plymouth, Taunton and Truro. The firm serves international, national and regional clients.